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CDs & IRAs
Certificates of Deposit (CDs)
Looking for a secure way to grow your savings? A Certificate of Deposit (CD) offers guaranteed returns with a fixed interest rate, making it a great option in uncertain times. Choose from a variety of terms, ranging from 91 days to 10 years.
Our CD rates are among the best in the state—compare them to see the difference!
We do not accept deposits from outside our market area. Penalty may be assessed for early withdrawal.
Union Savings is a member of the IntraFi network, offering customers the ability to maintain more than the standard FDIC insured coverage limit of $250,000 for deposits. For large depositors looking for additional protection and a single financial relationship, consider our Insured Cash Sweep (ICS) or Certificate of Deposit Account Registry Service (CDARS). Ask one of our new account specialists for details today!
Individual Retirement Accounts ("IRAs")
Secure your retirement with a Union Savings and Loan IRA. We offer both Traditional IRAs and Roth IRAs, each with unique benefits to fit your financial goals. Whether you're looking to grow your savings or take advantage of tax benefits, an IRA can be a smart addition to your retirement plan. Let us help you find the right option for your needs!
| Account | Fixed Rate IRAs 1 |
|---|---|
| Minimum Opening Deposit | $500 |
| Account Type | $500 |
| Interest Paid | Quarterly |
| Interest Checks/Transfers | Quarterly & monthly available |
| Maturity Notice | 2 weeks before maturity |
| Grace Period | 10 days after maturity |
| Early Withdrawal Penalty | 6 months loss of interest |
1 Penalty waived at maturity and during 10 day grace period ONLY. IRA contributions and distributions allowed at maturity and during 10 day grace period ONLY.
How much can I contribute to an IRA?
The maximum amount you are allowed to contribute to an IRA, Traditional or Roth, changes each year, and is higher for those age 50 and over.
Tax Year 2025:
Individual $7000*
*If you are age 50+, you are allowed a "catch-up" contribution of an extra $1000 over this amount.
Tax Year 2026:
Individual $7500*
*If you are age 50+, you are allowed a "catch-up" contribution of an extra $1100 over this amount.
These numbers are provided for information only. Please see you tax professional for information specific to your particular case.
Your savings, your future – we're here to help
Whether you're looking for a secure way to grow your savings with a CD or planning for the future with an IRA, our team is ready to assist you. Contact us today to talk to an account specialist and learn more!